731. Macroenonomics deals with:

A.the behaviour of firms
B.economic aggregates *
C.the behaviour of the electronics industry
D.the activities of individual units

732. It refers to the determination of prices of all goods and services by the interaction of the forces of demand and supply without any external interference.

A.product-mechanism
B.price-mechanism *
C.cost mechanism
D.none of these

733. It is the study of economic actions of individuals and small groups of individuals:

A.micro-economics *
B.macro economics
C.managerial economics
D.business economics

734. Time series data may exhibit which of the following behaviours?

A.trend
B.random variations
C.seasonality
D.cycles
E.they may exhibit all of the above *

735. Which of the following is not present in a time series?

A.seasonality
B.operational variations *
C.trend
D.cycles

736. In cross elasticity of demand, for unrelated goods the demand curve will be:

A.horizontal straight line
B.recangular hyperbola
C.verical line *
D.none of the above

737. The supply of a product does not depend on _____?

A.labour costs
B.the number of sellers in the market
C.consumers tastes *
D.existing technology

738. Which of the following are not related to factors of production (FOP)

A.land
B.capital
C.raw material *
D.labour

739. Which factor of production is considered as fixed input

A.labour
B.technology
C.capital
D.land *

740. _____ is the remuneration for organisation

A.rent
B.wages
C.interest
D.profit *